Saturday, February 17, 2018

Tag "Kemi Adeosun"

    Adeosun: Nigeria is the biggest loser of Africa’s illicit financial flow

Adeosun: Nigeria is the biggest loser of Africa’s illicit financial flow

Kemi Adeosun, minister of finance, says Nigeria is the biggest loser of the annual $50 billion lost by Africa to illicit financial flows.The minister said this while speaking at a tax conference organised by the Organisation for Economic Cooperation and Development at the UN Headquarters in New York.Adeosun said the amount of money Africa loses to illicit financial flows is more [...]

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    Adeosun to address UN conference on tax, revenue leakages

Adeosun to address UN conference on tax, revenue leakages

Kemi Adeosun, minister of finance, will be speaking at the Platform for Collaboration on Tax Conference at the UN headquarters in New York.The conference is organised by the US, Organisation for Economic Cooperation and Development (OECD), International Monetary Fund (IMF) and the World Bank.The conference, taking place on Thursday, is themed 'Taxation and the Sustainable Development Goals (SDGs)'.Pascal Saint-Amans, director [...]

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    Adeosun: Regular tax payment can protect Nigeria’s economy

Adeosun: Regular tax payment can protect Nigeria’s economy

Kemi Adeosun, minister of finance, says regular tax payment by all economically active citizens can protect Nigeria from the shocks associated with commodity boom and bust cycles.The minister spoke while providing more enlightenment about the Voluntary Assets and Income Declaration Scheme (VAIDS) in Enugu on Thursday.The Enugu state government, led by Ifeanyi Ugwuanyi, played host to the minister.In 2016, Nigeria's economy [...]

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    EXCLUSIVE: Cigarette, alcohol prices to rise as Adeosun proposes tariff review

EXCLUSIVE: Cigarette, alcohol prices to rise as Adeosun proposes tariff review

Cigarette smoking is not only dangerous to your health -- it may soon start burning holes in your pockets.Kemi Adeosun, minister of finance, is proposing increased tariff for cigarette and alcohol.Her proposal is in line with the implementation of the ECOWAS common external tariff (CET), one of the instruments of harmonising member states to strengthen its common market agreed upon [...]

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    SEC board approved N1.7bn severance package, says Gwarzo

SEC board approved N1.7bn severance package, says Gwarzo

Mounir Gwarzo, suspended director-general of the Securities and Exchange Commission (SEC), has given clarifications on why N1.7bn was paid as severance package under a "Golden Handshake" scheme to workers of the commission under his leadership.Gwarzo was an executive commissioner at SEC when former President Goodluck Jonathan appointed him to lead the commission on May 22, 2015.On assuming office as DG, [...]

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    FG, UK exchange data on assets owned by Nigerians — to nab tax defaulters

FG, UK exchange data on assets owned by Nigerians — to nab tax defaulters

The federal government and some foreign countries including the United Kingdom, have started the automatic exchange of tax information (AETI), on overseas assets owned by Nigerians.Kemi Adeosun, minister of finance, made this known on Friday during the presentation of the progress report on tax laws reform by Taiwo Oyedele, vice chairman of the national tax policy implementation committee. "The data received [...]

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    ‘We don’t have to act only after officials have been handcuffed’ — Adeosun defends Gwarzo’s suspension

‘We don’t have to act only after officials have been handcuffed’ — Adeosun defends Gwarzo’s suspension

Kemi Adeosun, minister of finance, has defended the decision to suspend Mounir Gwarzo as director-general of the Security and Exchange Commission (SEC).Adeosun had set up an administrative panel to look into some allegations levelled against Gwarzo.The panel had recommended his suspension, which the minister upheld.But Gwarzo attributed the action to his refusal to stop the forensic audit of Oando in [...]

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    Gwarzo insists Adeosun suspended him over Oando probe

Gwarzo insists Adeosun suspended him over Oando probe

Munir Gwarzo, suspended director-general of the Securities and Exchange Commission (SEC), has accused Kemi Adeosun minister of finance, of suspending him for his insistence on the probe of Oando Plc.He said prior to his suspension, the minister asked him to resign when he protested her alleged directive that the forensic audit of Oando should be stopped.Adeosun suspended Gwarzo last year [...]

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    Marafa ‘ready to flex muscles’ with Adeosun, walks her rep out of senate hearing

Marafa ‘ready to flex muscles’ with Adeosun, walks her rep out of senate hearing

Kabir Marafa, chairman of the senate committee on petroleum resources downstream, on Monday walked out a director of the ministry of finance of a public hearing.The director was sent to represent Kemi Adeosun, minister of finance, at a hearing on the alleged N5 trillion subsidy paid to the Nigerian National Petroleum Corporation (NNPC).Marafa said if the minister was not able [...]

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    Adeosun: We’ve records of those with forged tax certificate

Adeosun: We’ve records of those with forged tax certificate

Kemi Adeosun, minister of finance, says the federal government plans to eradicate sharp practices that could compromise the integrity of tax administration and revenue system.Speaking during a meeting between the ministry’s whistleblower unit and the presidential initiative on continuous audit (PICA), Adeosun said the finance ministry has information on those who obtained false tax clearance.According to her, two senior tax [...]

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    Adeosun: FG probing 200 whistleblowing tips on tax officials, taxpayers

Adeosun: FG probing 200 whistleblowing tips on tax officials, taxpayers

Kemi Adeosun, minister of finance, says the federal government is investigating over 200 whistleblowing tips on tax officials and taxpayers.The investigation involves under-declaration of taxes by taxpayers and receipt of gratifications by tax officials.Adeosun made this known on Sunday in Abuja while presiding over the meeting of the whistleblower unit in the ministry of finance and the Presidential Initiative on [...]

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    Adeosun: We don’t care if oil prices rise or fall

Adeosun: We don’t care if oil prices rise or fall

Kemi Adeosun, minister of finance, says Nigeria has got to a point where it does not care if oil prices rise or fall.In an interview with Bloomberg, the minister said the country had learnt to live with oil prices at $45-$46 a barrel.As of 2pm on Friday, Brent crude, the international benchmark of crude oil was trading at $70.20.US West Texas [...]

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    Data collection ‘will soon’ get easy

Data collection ‘will soon’ get easy

The federal government is about resolving the difficulties in getting data related to Nigeria.Kemi Adeosun, minister of finance, who disclosed this in Abuja on Monday, announced that an inter-ministerial committee on harmonisation of data collection and evaluation had been created.She said the committee would ensure that data is not duplicated by various government agencies.The committee would be chaired by Yemi Kale, statistician general [...]

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    Adeosun: AfDB provided us with $1bn support during recession

Adeosun: AfDB provided us with $1bn support during recession

Kemi Adeosun, minister of finance, says the African Development Bank (AfDB) provided $1 billion for Nigeria in 2016 when the economy was in a recession.The minister made this known on Thursday at the commissioning of the bank’s permanent office building in Abuja.According to a statement signed by Oluyinka Akintunde, special adviser, media and communications to the minister, Nigeria has only drawn $600 [...]

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    Adeosun appointed into UN pension fund investment committee

Adeosun appointed into UN pension fund investment committee

The United Nations (UN) has appointed  Kemi Adeosun, minister of finance, into the investments committee of the United Nations Joint Staff Pension Fund (UNJSPF).Confirming the appointment, Jan Beagle, under-secretary-general of the UN, congratulated Adeosun and said she would remain part of the committee for one year, starting from January 1.“On behalf of the secretary-general, I have the honour to inform [...]

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Exchange Rates

Feb 16, 2018USDGBPEUR
INTERBANK360.45487.18428.32
LAGOS364497448
KANO364495430
PH363498435
ABUJA365497434
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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